Variable Recurring Payments (VRP): open banking needs flexible solutions

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The vision that the bank takes care of all your payments is tempting. Is there a new era of smart direct debits ahead? The technological key to popularizing variable recurring payments (VRP) are tools that enable advanced management…

Data-as-a-Service in banking: turn on the data tap and surf!

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The processing and analysis of huge amounts of data is becoming more and more important for the world of finance every year. How not to drown in a flood of data but to leverage the banking data by-product? This article discusses…

MT/MX converter for ERP: a lifeline for corporate accounting

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If corporate back-office systems are not upgraded in time for the implementation of ISO 20022, we can expect critical payment bottlenecks in large companies. How to convert SWIFT messages to upgrade corporate ERP systems? This article…

Data-driven work efficiency: knock over your IT banking architecture!

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Improved work efficiency is one of the results of the “overturning” of IT banking architecture from vertical silos to horizontal data fabric. In exchange, you can count on increased efficiency and better customer experience and employee…

SWIFT said “nyet”. How does it feel to be on the sidelines of the global economy?

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Russia's disconnection from SWIFT as part of the sanctions for its attack on Ukraine was discussed by EU stakeholders for several weeks. For some time, several member states did not support this step. In the end, the Italian finance minister…

MT/MX converter: parlez vous ISO 20022?

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In November 2022, a new "language" for cross-border payments will enter into force: the MX format. Which SWIFT XML broker to choose for smooth communication in the global banking world after the launch of ISO 20022? The history of cross-border…

Payres: deadline buffer for CHAPS ISO 20022 migration

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With smart solutions in place, you can reroute your timeline for the ISO 20022 new messaging standard by June 2022. What's more, your CHAPS ISO 20022 transition project can be leveraged to win market advantage. Clearing House Automated Payment…

NPA ISO 20022: the game is afoot!

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The technical documentation for ISO 20022 implementation published by Pay.UK is another harbinger of serious technical changes in payments. Their implementation can be spread over time using a flexible solution: a message broker. The introduction…

Pan-European instant payments: is TIPS worth the while?

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In developed countries, instant payment settlement has moved on from “nice to have” to “must have”. There is practically nothing that would prevent an international instant transfer settlement system, except that building one is a demanding…